August 4, 2016 Comments Off on Rare Coronado Retail Property Trades Hands Views: 299 California, California News, San Diego, West

Rare Coronado Retail Property Trades Hands

A 12,801-square-foot multi-tenant retail property, anchored by the Coronado Village Theaters, sold for $5.2 million. The two-parcel property is located in the heart of the Orange Avenue Retail Corridor in Coronado, CA., a central tourist destination near hotels and the navy base.

Located at 820 through 826 Orange Ave., the property was built in 1952. The buyer, 820 Orange Ave LLC., plans to make cosmetic improvements in the near term, while exploring value-add redevelopment opportunities in the future.

Cushman & Wakefield’s Andrew Peterson represented both parties in the transaction. The seller was The Siegel Trusts, the original founders and operators of the Coronado Village Theater.

Peterson notes, “It’s rare to see properties along the Orange Avenue Coronado retail corridor be made available for sale.”

Connect with Cushman & Wakefield’s Peterson

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , ,

Comments are closed.